Investors lose N890bn as H1 results fail to entice buyers

As the lull persists on the buy-side of Nigeria’s stock market, long term investors have had their equities portfolio value eroded in excess of N890 billion this year, with no clear relief in the horizon in the short-to-medium term. The benchmark performance indicator of the Nigerian equities market has been

RCCG convention: Prepare for unprecedented breakthrough, Adeboye tells participants

LAGOS— THE General Overseer of the Redeemed Christian Church of God, RCCG, Pastor Enoch Adeboye, has enjoined all participants at the church’s annual convention, which begins today with the ordination of deacons/deaconesses at the Redemption Camp on Lagos-Ibadan Expressway, to prepare themselves for unprecedented breakthrough and a new level of

CBN forex ban: A bad policy that hurts Nigeria’s image

There is a familiar and predictable pattern to Nigeria’s response to economic crisis. Each time the country faces an economic hardship, often triggered by the collapse of the oil market, the government reaches for a suite of protectionist measures, including import restrictions and exchange control. The aim is mainly to

South East co-operatives to float regional bank with N10 billion capital

Thousands of cooperative groups in the five South East states under the aegis of South East States Cooperative Financing and Investment Limited (SESCOOP) are set to revive the moribund regional Cooperative Bank Limited, with an initial N10 billion as take-off capital, to drive deeper operations of micro and small businesses

Mbryo – Ranti (Remember You Cover)

While we wait for Rugged Records to drop the star studded Halleluyah remix and Ruggedman ‘s track with Olamide track, their artist Mbryo hit the studio and recorded this Dj Clock & Beatenberg‘s “Pluto (Remember You)” COVER. Peep his version titled “Ranti” below.

ICPC seeks court order against corrupt civil servants

The Independent Corrupt Practices and other Related Offences Commission has commenced steps to seize some choice properties belonging to ‘super rich’ civil servants in the Federal Capital Territory, Abuja; and other locations in the country. An operative of the commission, who confided in our correspondent on the condition of anonymity,

EFCC invites judge who accused Aregbesola of fraud

THERE were indications in Osogbo on Sunday that Justice Folahanmi Oloyede, who recently accused Governor Rauf Aregbesola of graft, had been invited to the Abuja headquarters of the Economic and Financial Crimes Commission. A source close to the judge told journalists in Osogbo, the Osun State capital, on Sunday that

VIDEO: SLEEK – Round Here

VIDEO: SLEEK – Round Here “Sleek formerly known as Leaux is a Nigerian born and Toronto raised rapper, previously collaborated with Ice Prince on a Moe Musa directed video titled “Problems” Sleek, emerges with a new combo visual featuring a collaboration with Toronto’s Emerging Menswear designer award winner Joao Paulo Guedes titled “Round Here/Crown Me.”   “Round

DJ Neptune Presents: #NotYourUsualMixtape Vol 2

DJ Neptune Presents: #NotYourUsualMixtape Vol 2 “After the release of his most talked about 2015 #ReggaeDancehallMix that has taken over the people’s playlist, The Mix-tape king and International DJ Neptune delivers another incredible mix tagged #NotYourUsualMix vol 2.

Enyimba draw with Rangers, go top

Enyimba moved up to the top of the Nigeria Professional Football League table with 37 points, after securing a 1-1 draw against Enugu Rangers in Aba in one of the league matches played on Sunday. The two-time CAF Champions League winners were second in the table, tied on 36 points

War against money laundering: Banks, PDP kick against CBN’s policy

Banks and the Peoples Democratic Party, PDP, have kicked against the decision of the Central Bank of Nigeria, CBN, to bar foreign currency deposits into domiciliary accounts. The post War against money laundering: Banks, PDP kick against CBN’s policy appeared first on Vanguard News.

Corruption: Buhari descends on civil servants

ABUJA— Disturbed by the rot and thriving corruption in the civil service, which has cost the country trillions of naira, President Muhammadu Buhari has taken his anti-graft war to the sector. The post Corruption: Buhari descends on civil servants appeared first on Vanguard News.

Unpaid fees: LG grounds Guinness operation in Benin

Operations at Guinness Nigeria Benin plant has been paralysed by officials of Ikpoba Okha Local Government Area, LGA of Edo State, who mounted a blockade at the entrance to the brewery compound over unpaid fees. The blockade stalled exit and entry into the premises for a few hours. The blokade

Naira to rise further as banks reject dollars

The United States dollar will further tumble against the naira at the parallel market this week as Deposit Money Banks continue to reject cash deposit of foreign currencies into customers’ domiciliary accounts. The naira had appreciated against the dollar from 245 to 220 at the parallel market last week after